In response to the increasing COVID 19 incidence in the country, the Government of Sri Lanka has initiated urgent and effective measures to slow the spread of the virus by testing and treating patients, contact tracing of those found positive, limiting travel, mandatory quarantine for anyone coming from countries affected by COVID-19, closing borders to prevent transmission from further travelers, canceling large gatherings and creating awareness.

In view of the exigency of battling the effects of COVID-19 outbreak, the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) of the World Bank Group agreed to provide financing assistance amounting to United States Dollars (USD) 128.6 million. These funds will be mobilized through the Government Budget during the period from 2020 to 2023.

The project will focus on limiting local transmission of COVID-19 by strengthening capacities of the health system for contact tracing, case finding, confirmation, reporting, and responding to surge capacity through trained and well-equipped health workers and medical officers of health and primary health doctors and equipped facilities, strengthening Surveillance and Response Systems, strengthening health care facilities capacity for emergency response, improving community engagement and risk communication and provision of social and financial support to households.

Further the project will support for the strengthening national and sub-national institutions for prevention and preparedness through strengthening the National Institute of Infectious Diseases (NIID), establishment and strengthening of subnational emergency operation centers, the establishment of Bio-Safety Level (BSL) 3 laboratory facilities at the National Medical Research Institute (MRI) and strengthening laboratory facilities and information systems.

The signing of the agreements of Sri Lanka COVID-19 Emergency Response and Health Systems Preparedness Project took place on April 03, 2020, and Mr. S R Attygalle, Secretary to the Ministry of Finance, Economic and Policy Development and Ms. Idah Pswarayi-Riddihough, Country Director of the World Bank signed the agreements on behalf of the Government of Sri Lanka and the World Bank, respectively.

Ministry of Finance, Economic and Policy Development

April 03, 2020

 

 

 

 

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The Government of Sri Lanka and the Asian Development Bank (ADB) entered into a Framework Financing Agreement on 14th August, 2017 with regard to the financial arrangements for the Second Integrated Road Investment Program.The investment program will improve the accessibility to the road network from rural areas and thereby increase the contribution of the rural population for economic and social development of the country.

The total estimated cost of the programme is USD 1084 million, out of which USD 900 million will be obtained in several tranches from ADB. The first tranche amounting to USD 150 million obtained in 22nd November, 2017 is being invested in the ongoing project activities and the subsequent tranches are planned to be obtained based on the financing requirements of the Program.

The Second Integrated Road Investment Program will upgrade and maintain 3400 km of rural access roads and 340 km of national roads in Northern, Eastern, Uva, and Western Provinces. In addition, improvement of capacity of road agencies with respect to safeguards, road safety, maintenance, research, road design and construction will be carried out under the program.

 

In this connection, Dr. R H S Samaratunga, Secretary of the Ministry of Finance entered into a loan agreement with ADB on behalf of the Government of Sri Lanka and Mr. Nihal Sooriyarachchi, Chairman of Road Development Authority entered into a Project Agreement with ADB on the 13th November, 2019, at the Ministry of Finance. Ms. Manjula Amerasinghe, Officer in Charge of ADB, Sri Lanka Resident Mission signed the two agreements on behalf of ADB.

Issued by the Department of External Resources on 13th November, 2019.

 

 

The European Union (EU) will step up its assistance to Sri Lanka, by providing Euro 40 million (approximately LKR 7,932 million) for the implementation of Strengthening Transformation, Reconciliation and Inclusive Democratic Engagement (STRIDE) Project. Secretary to the Ministry of Finance, Dr. R. H. S. Samaratunge signed the agreement on 9th October 2019 on behalf of the Government of Sri Lanka in the presence of Ambassador to Sri Lanka and the Maldives for the Delegation of the European Union, H.E. Tung Lai Margue.

The project will be implemented in the Northern, Eastern, North Central and Uva Provinces with the indirect management of the World Bank (WB), UNDP, and the British Council.

In partnering with the WB, the EU will allocate Euro 22.5 million from its grant funds of the STRIDE Project to the ‘Performance Grant Scheme’ of the “Local Development Support Project” which is financed by the World Bank (USD 70 million). Local Development Support Project aims to support development in war affected and lagging provinces, improve coordination in local service delivery and promote economic opportunities, inclusiveness, and social cohesion.

The EU will provide Euro 10 million under the STRIDE Project for financing the capacity development of local authorities and communities to plan and manage above performance grants initiatives.

Local mediation boards will be strengthened under this project focusing on effective judicial processes and improving the mediation mechanisms. The EU will provide Euro 7 million for financing this component.

 

Rehabilitation of the A017 Road Corridor from Deniyaya to Rakwana is very important in the national road network improvement. This rehabilitation Project is phased out in two stages whereas Stage I from Suriyakanda to Rakwana (about 18 km) and Stage II from Deniyaya to Suriyakanda (35km). By way of the overall objective of first phase of the project providing access to Suriyakanda with improved transport infrastructure, as it is an important trade hub, with very limited connectivity. This road rehabilitation project will provide links to three 'A' class roads and to ten 'B' class roads by rehabilitating of 18.0 km of a critical section of Rakwana Deniyaya road connecting the Southern Province to the Sabaragamuwa Province. This will improve the road network connectivity, reduce vehicle operating costs, enhance highway capacity and level of service, thus promoting economic activity and contributing to the overall socio-economic development of the country.

In this context, the OFID has agreed to provide a loan of USD 40.0 million in support of the above project and the balance USD 11.75 million will be borne by the GOSL. The OFID is our long term development partner since its establishment in 1976 and has extended fourteen loans to Sri Lanka, of which two have been for balance of payments support and the others for projects.

Accordingly, the Loan Agreement has been signed today, 30th October 2019 at Vienna by Dr. R.H.S. Samaratunge, Secretary to the Ministry of Finance on behalf of the Government of Democratic Socialist Republic of Sri Lanka and H.E.Abdulhamid Al-Khalifa, Director General on behalf of the OPEC Fund for International Development.

Ministry of Finance

Colombo 01

Sri Lanka

On 1st November 2019

 

In line with the Government Policy Framework “Vision 2025”, the Government views the provision and improvement of social goods such as education, skill development, and healthcare as part and parcel of its development agenda. According to the available information of the Ministry of Health, Nutrition and Indigenous Medicine, the number of Medical Officers per 100,000 populations in Sri Lanka is about 77. However, as per the World Health Organization, Medical Officer's density per 100,000 populations in developed countries trial than the Sri Lanka rate.

 

Thus, the Government will take steps to increase tertiary education by increasing the state university enrolment. As the Government strives to extend the benefits of development to every part of the country, establishing healthcare facilities of appropriate standards should be accompanied by quality and trained health care professionals in the country.

 

Accordingly, the Government of Sri Lanka has already approved the establishment of the Faculty of Medicine at Sabaragamuwa University and has allocated necessary funding through the budgetary allocations of the year 2017. Further, the first batch of students for the Medical Faculty has been enrolled.

 

In this context, SFD has agreed to provide a concessional loan amounting of Saudi Riyal 187.5 Million (approximately USD 50 million) to establish a Medical Faculty in University of Sabaragamuwa. The balance USD 20.46 million will be borne by the GOSL.

 

The cooperation between the Government of Sri Lanka and the Kingdom of Saudi Arabia was initiated with extending a loan of US$ 30 million for Second Water Sector & Sewerage project in 1981 through the Saudi Fund for Development. The development projects financed by the Saudi Fund Development by providing concessional financing are significant milestones of the relationship between the two countries. The total amount of loans extended by the SFD as at the end of 2018 was US$ 386 million. The priority areas of the SFD assistance are; Road, Health, Irrigation & community Development sectors, Higher Education, etc.

 

Accordingly, the Loan Agreement has been signed today, 18thSeptember 2019 at the Ministry of Finance byDr. R.H.S. Samaratunge, Secretary to the Ministry of Finance on behalf of the Government of Democratic Socialist Republic of Sri Lanka H.E. Dr. Khaled SulaimanAlkhudairy, Vice Chairman & Managing Director on behalf of the Saudi Fund for Development.

Ministry of Finance

Colombo 01

Sri Lanka

On 18thSeptember 2019

 

 

Project Name

Agreement Date

Loan Amount  USD Mn.

1

Colombo Water Supply and Sewerage Project

1981.01.08

29.72

2

Electric Power Transmission Project

1981.01.08

19.81

3

Mahaweli Ganga Development Project System B Left Bank

1983.01.03

24.71

4

Development of Health Facilities in Colombo Hospital

2002.07.25

12.00

5

Batticaloa – Trincomalee Road Development

2004.08.26

10.70

6

Epilepsy Hospital and Health Centers Project

2008.03.26

20.03

7

Development of Health Facilities in Colombo Hospital – Additionl Finance

2008.03.26

2.94

8

Kalu Ganga Development Project

2010.09.15

46.06

9

Road Network Development Project

2012.10.30

59.92

10

Improvement of Peradeniya – Badulla – Chenkaladi Road

2015.10.30

59.99

11

Epilepsy Hospital and Health Centers Project – Additional Finance

2015.10.30

11.99

12

Left Bank Development Project in Kalu Ganga

2017.10.24

44.81

13

Wayamba University Township development Project

2017.10.24

27.88

14

Kalu Ganga Development Project – Additional Finance

2018.07.18

15.83

15

Construction of Medical Faculty at the Sabaragamuwa University

Not yet signed

50.00

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